September 6, 2025 • 39 mins
Chris Markowski discusses the current economic landscape, emphasizing the importance of critical thinking in understanding financial realities. He shares his epiphany regarding the government's potential plans to tax the patent system, the implications of tariffs, and the misleading nature of GDP numbers. The conversation also touches on the impact of AI on the job market, the need for compassionate solutions to homelessness, and the role of the Federal Reserve in the economy. McFadden critiques government cash handouts and highlights the importance of fiscal responsibility.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Well known author, investment banker, consumer advocate, candalyst, trainer.
Speaker 2 (00:12):
Chris Markowski is the watchdog the Wall Street.
Speaker 1 (00:16):
You want to answer exposing the lines and myths that
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handle the true truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:39):
This is the watchdog in Wall streets.
Speaker 3 (00:44):
All right, the big news, Big news.
Speaker 4 (00:49):
I had another epiphany this week, and I said, for
a long time, listeners know, oh, I've an epiphany. I
basically I've put things together.
Speaker 3 (01:04):
Again.
Speaker 4 (01:05):
The way that the way that the media works today,
the way that politicians work, and the way that they,
you know, throw information at you and gaslight you and
all this nonsense.
Speaker 3 (01:14):
So it takes it takes some time. Takes some time.
Speaker 4 (01:17):
And the best way to have epiphanies and actually being
able to see the forest for the trees is again,
you can't you can't be obligated aligned be on a team.
I'm a Republican, I'm a Democrat, you can't do that.
Speaker 3 (01:36):
You have to be a critical thinker. It's funny.
Speaker 4 (01:40):
I have this conversation with the our young staff are
interns this past week, and I was talking with them
about college classes and what they were taking and some
of the professors that they had, and how you know
some of them just didn't want any sort of debate
within the classroom. And one of the kids said, yeah,
it's like, you know, they don't want us to be
critical thinkers.
Speaker 3 (02:00):
And I said, you're right right.
Speaker 4 (02:03):
People in power do not want their subjects, their constituents,
they're subject whatever you want to call it, the peasants.
We the people, the peasants here, the serfs on the
lord man. They don't want us to think critically. See
George Carlin had a big skit about that back in
the day, talking about education here in the United States.
(02:25):
Well back to my epiphany. This story, this story'm about
to tell you, Ok, you probably haven't heard it. You
probably haven't heard it because nobody is talking about it,
and because nobody is talking about it, especially a story
that's this big and this consequential is telling me that
(02:48):
both the donkeys and the elephants are on board. The
fix is in Now again, this is something. This is
something again that I would think Elizabeth Warren would propose,
a Barack Obama would propose. But this is coming from
the Trump administration. Now bear with me. Trump administration is
(03:13):
considering a plan.
Speaker 3 (03:15):
They want to raise again tens of billions.
Speaker 4 (03:18):
Of dollars more revenue with a new fee.
Speaker 3 (03:24):
No, this is not tariffs. This is on inventions.
Speaker 4 (03:29):
Yeah, they want to transform the patent system. Commerce Department
officials are discussing charging patent holders people that go out
there and build and create. Again, what is our mantra
here at the Watchdog on Wall Street show.
Speaker 3 (03:52):
Build, Create, protect, and teach.
Speaker 4 (03:57):
They want to start charging patent holds one to five
percent of the overall patent value. Okay, My first question
when I saw that is how do they determine the
patent value?
Speaker 3 (04:17):
And I am assuming.
Speaker 4 (04:19):
That they are going to charge a yearly fee for
the value of the patent. So if you come up
with a patent an idea, and that patent starts making
all sorts of money, you come up with some new
chip or tech or whatever it may be, you're gonna
have to pony up more. This idea is being considered
(04:39):
by Commerce Secretary Howard Lutnik, as part of his plans
to raise revenue and narrow the government's budget deficit. Again,
correct me if I'm wrong, kids, We've had a pretty
good run in this country, right as far as building
and creating things. Invent talked about this earlier on in
(05:01):
the program. They take a look at the size of
our stock market compared to anything else the companies that
we come up with here that that's because one of
the reasons, because of our patent system and property rights.
We've been doing this for two We've had this patent
system in place for two one hundred and thirty five years.
(05:22):
You apply for a patent, airs a bedrock process, and
your ideas are protected and you can make money off
them because these patents are public patents. Let others in
the same field build on previous work. Now, again, what
(05:43):
was the cost to get a patent? Couple thousand bucks?
Couple thousand bucks. This new fee would be exorbitant. In essence,
you're looking at a new property tax. Your idea, Your
(06:04):
idea is a piece of property. They like, they love
taxing property here in the United States. They love taxing
capital gains. Now they're going to tax your idea, your invention,
your creation. And I saw this and again my jaw dropped,
my joy and again not being covered anywhere, and if
(06:25):
you don't believe me, look it up and it all
kind of fell into place was my epiphany. I do
believe at this point in time. I think something spooked,
something spooked Donald Trump, something spooked Scott Vesson.
Speaker 3 (06:50):
Something.
Speaker 4 (06:50):
I think that I do believe this at this point
in time, because not enough pull tariffs into this as well.
I think that something spooked them when it came to
our national debt and they're saying that this is completely unsustainable. Yeah,
this is something we've been saying for some time. You've
(07:11):
had you know, you've had members of the Joint Chiefs
of Staff talk about our nation's biggest national security concern,
greatest national security concern is our nation's.
Speaker 3 (07:23):
Debt, our fiscal situation.
Speaker 4 (07:24):
We're spending over trillion dollars a year on interest.
Speaker 3 (07:29):
And for whatever it may be.
Speaker 4 (07:31):
I think they recognize that we can't do this anymore.
It's completely unsustainable. And they tried doge, they tried DOSEE,
they put elon must to work, and where did.
Speaker 3 (07:47):
That get us?
Speaker 1 (07:50):
Well?
Speaker 4 (07:50):
They I think Trump and this the administration came up
with the reality that you're not going to get Congress.
Speaker 3 (07:56):
Really to cut anything.
Speaker 4 (07:59):
Very very different, go for them to cut a darn
thing for crying out loud. This past week you had
Republicans bending over backwards trying to refund.
Speaker 3 (08:09):
NGOs that they like.
Speaker 4 (08:11):
The NGOs that the Republicans like are all the Neocon NGOs,
the ones that are out there trying to overthrow governments
all around the globe. What do we overthrow about seventy
since World War Two? They gotta keep that that they
were high five in h other what was a week
or two ago because they got nine billion dollars in
(08:31):
cuts through.
Speaker 3 (08:32):
Nine billion dollars barely get that.
Speaker 4 (08:34):
Jd Vance had to break the tie to get allows
the nine billion dollars in cuts, which is the equivalent
of about what eight to ten hours of government spending.
I think that that my epiphany is they're gonna try
to raise as much money as possible.
Speaker 3 (08:54):
Yeah, they're gonna gaslight you, okay, because they are. They are.
They're they're telling you that 't all it's terror. Let
all is terror. To keep coming out there and touting
look at this, look at this terriff revenue. Oh my god,
Lutnick was on last week.
Speaker 4 (09:10):
Oh wow, it could be seven trillion dollars over ten years.
Speaker 3 (09:15):
And all the man yeah, yeah, look at that. Yeah,
I voted for this.
Speaker 4 (09:19):
You voted for taxing yourself. You voted for raising your
own taxes, because that's what you just did. That's what
you did. I mean, if you want to believe, it's
gonna make you feel better about yourself. If you want
to believe that two plus two equals fourteen, go ahead, guy,
(09:39):
you can believe it. But these tariffs that are being
paid are being paid by you. I again, if they
got that frightened and they have to raise this type
of revenue, now, all right, all right.
Speaker 3 (09:58):
I get it.
Speaker 4 (09:59):
First and foremost, do this to the patent system. Okay,
I got that. That's a really bad idea. You want
to attract you want to attract businesses here in the
United States.
Speaker 3 (10:09):
That is a horrible idea.
Speaker 4 (10:11):
And then it's gonna happen as people are gonna start
they're gonna start recording their patents in other places around
the globe.
Speaker 3 (10:17):
They're not going to do it here in the United States.
Speaker 4 (10:19):
Listen, I've talked about, talked about our fiscal situation here
in this country for a long long time. And again
I've equated it, equated it. It's like child abuse, for
crying out loud what we're doing to our kids. And
I've actually talked about raising taxes and I've I said,
I said, I have no problem. I'm no problem government.
(10:40):
Government wants to come to me and say, listen, we
screwed up. We screwed up. We got involved in forever wars,
We did all of this stuff. We spent all this
money that we shouldn't have. Okay, we need we need
more revenue. We do we we're on an unsustainable path
right now. We have to fix it. Okay, but you
know what, they have to do something for me. They
(11:01):
have to do something for you. They have to balance
a budget. They have to balance the budget, they have
to make cuts. You want to raise my taxes, say, okay,
guess what you're gonna raise my taxes. I want all
of the tax revenue that you are going to raise,
all of that money to pay down our debt.
Speaker 3 (11:23):
That's it.
Speaker 4 (11:24):
Can't go for new spending, can't go for a new
weapons system, can't be used to start another war somewhere,
can't be used to send more moneies to Israel and
more money to the Ukraine, and all this other nonsense
that has gotten us into this problem in.
Speaker 3 (11:38):
The first place.
Speaker 4 (11:40):
We need to be fiscally sound. You want the world
to be a safer place for crime. You're the best
foreign policy out there is if America is fiscally sound,
and we're not right now. So I'm looking at this
as you know, this is it's my epiphany. I think
(12:01):
that they're they're honestly again, they're gonna have the gas lighters.
They've got to try to convince people that they're not
being taxed. They're trying to raise money because the situation
is dire. It's dire, and the people that you know,
members of the Commody, they don't want to make the cuts.
Speaker 3 (12:17):
They don't want to do it. I mean, you saw it.
Speaker 4 (12:22):
Hey could barely get a work for cryment in for medicare.
Speaker 3 (12:25):
For crying out loud.
Speaker 4 (12:26):
Republicans were pushing back on that, barely get that through.
So I maybe they threw their hands up in the air.
Maybe they threw their hands up in the air and
they said, this is what we're gonna have to do.
We're gonna have to raise taxes without telling people we're
raising taxes and that's exactly what a tariff is. We're
gonna have to raise fees. Okay, here we go. We're
(12:47):
gonna go after the patent system. Please don't do that.
That's stupid. That's my epivot. That's that's the only thing
I can think of at this point in time. And
you know, maybe that's how they have to sell it.
They have to gaslight people. I just don't be I
don't like being lied to. I have an aversion just
(13:08):
to being lied to. It insults my intelligence. But again,
maybe it's better politics. Maybe they know better. You got
You still have a large swath of the country believe
and they yet that they're not paying they're gonna be
paying higher prices. Tariffs are tariff's are not gonna raise prices.
You have large swaths of the country that believe that
while companies are actually coming out and saying.
Speaker 3 (13:31):
We're raising our prices, we're raising our prices.
Speaker 4 (13:33):
It's like, you know, they're talking, and these companies are
saying they're raising their prices, and everybody's like, la la
la la la la la. Companies are talking, but I'm
not listening. Because Trump said something else, La la, la,
la la. It doesn't make any sense. Stanley Black Anddegg, Are,
con Agra, Walmart, Target, I.
Speaker 3 (13:52):
Go right on down the list. Prices are going.
Speaker 4 (13:55):
Up and they're due to tariffs. So that's again, that's
the epiphany I had this past week. I think that
they're just they're in revenue raising mode at this point
in time, and I think they're really trying to do
in our national debt.
Speaker 3 (14:11):
Got to take a break. You're listening to the.
Speaker 4 (14:12):
Watchdog on Wall Street or Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot com is our site, personal CFO program, podcast, newsletter.
You name it Watchdog on Wallstreet dot com or give
us a call eight hundred and four seven.
Speaker 1 (14:25):
To one fifty nine eighty four, bringing America financial freedom,
(14:48):
one listener at a time. You're listening to the Watchdog
on Wall Street with Chris Markowski.
Speaker 4 (14:55):
Welcome back and ready, welcome back. I know it's without fail,
without fail. I'll definitely get some emails some people out there, What.
Speaker 3 (15:07):
Do you mean there's no place to speak of out there?
Come on, man, don't lie to yourself. Please.
Speaker 4 (15:16):
It drives me nuts when people just again they lie
to themselves. You see it out there. And one of
the funniest things going right now. This is happening in
Congress right now. They want to give away cash. They
want to give away cash. Josh Holly, Josh Holly, and
(15:37):
again I don't even know how and how he's a
member of the Republican Party for crying out loud. He
is more aligned with Bernie Sanders than he is any
sort of conservative principles most certainly not libertarian principles.
Speaker 3 (15:52):
You want to know it. Josh Holly from.
Speaker 4 (15:54):
Missouri and Bernie Sanders from Vermont proposed this week. I'm
not making this up. They want to send out checks again.
Speaker 3 (16:04):
That's right, terriff rebate, say more checks.
Speaker 4 (16:12):
Josh Holly has introduced legislation to provide six hundred dollars
tariff rebates to almost all Americans and to their dependent children,
a proposal that would give a family of.
Speaker 3 (16:25):
Four twenty four hundred dollars. Holy said in a statement that.
Speaker 4 (16:30):
Americans deserve a tax rebate after four years of Biden
policies that have devastated families, savings, and livelihoods. That's the
direction you're going to go, really, like President Trump propose,
my legislation will allow hard working Americans to benefit from
the wealth that Trump's tariffs are returning to this country.
Speaker 3 (16:52):
Wealth.
Speaker 4 (16:54):
You're taking the money out of Americans' pockets.
Speaker 3 (16:58):
You're a liar.
Speaker 4 (17:01):
I can't stand it. You stand up there and you lie.
All of this is being paid. It's not being paid
by anybody offshore. It's already been proven that it's been
being paid by the importers.
Speaker 3 (17:17):
It's being paid here. It's being paid in higher prices
the legislator, I say better.
Speaker 4 (17:24):
Yet the legislation is going to be modeled after Biden's
He's just criticized Biden. Just criticized Biden, and yet he
wants to do what bind did. He's modeling this after
Biden's twenty twenty Cares Act, which provided twelve hundred dollars
direct payments to adults and five hundred dollar direct payments
and children. Again, get your arms around this. You're sending
(17:54):
out you're giving away cash again. The United States of
America turns into a nineteen eighties firm radio.
Speaker 3 (18:00):
Station where cann a way cash. Hey that this again.
Speaker 4 (18:04):
This started with Bush ear It was Bush's first term.
He had a Bush check and then we had the
second Bush check when he was on his way out
the door during the financial crisis. Oh, he had Trump's
checks during COVID. Then we had Biden's checks. Now let
me let me ask this question. Okay, you know you're
(18:25):
giving away tariff rebates to help people because of tariffs.
I thought, I thought the tariffs are not affecting Americans,
And of course payments are going to be reduced for
households that earn one hundred and fifty thousand dollars or more.
The payments against the payments are designed to offset higher
prices resulting from tariffs. Did you are you seeing what
(18:50):
they're doing here? This is again, this is not high
level logic and reason. They're telling you. They're telling you
that tariffs are not raising your prices, they're not gonna
go up. Yet they want to put forward a bill
to cut you a check so the effect of the
(19:11):
tariffs that are making prices up don't hit you. How
does that make any sense at all? I mean, it's
just the type of nonsense that makes my head want
to explode, and it should you too. We're giving away
money again, Listen, I said, come out level with me, level,
(19:37):
tell me you're gonna be using the money to be
paying down the national debt. But again you just you know,
you just raise the debt ceiling by five trillion dollars.
You're spending more money.
Speaker 3 (19:49):
Where are you at here?
Speaker 4 (19:50):
Okay, this is all over the bloody place for crying
out loud, it really is.
Speaker 3 (19:55):
It is absolutely nonsensical, guys.
Speaker 4 (20:01):
Sorry, I mean, I get frustrated with these things people
I do. I don't like being lied to. I don't
like you being lied to. I don't like how the
media puts this stuff out in drips and drabs and
tries to confuse and bewilder you pushing some nonsensical narrative.
Speaker 3 (20:17):
This is the reality. This is the world we're living in,
and you're.
Speaker 4 (20:19):
Gonna get it here on this program. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot com is our site again,
personal CFO program, podcast, newsletter, all sorts of great stuff.
Speaker 3 (20:32):
Watchdog on Wallstreet dot com. We'll be back.
Speaker 1 (20:37):
You're listened to the Watchdog on Wall Street taking Wall
(20:59):
Streets liars, crooks and cheets out behind the woodshet. You're
listening to the Watchdog on Wall Street.
Speaker 3 (21:09):
Welcome back.
Speaker 4 (21:10):
Yeah, guys, said, I know, I get fired up again.
I I don't like being lied to, and I don't
like you being lied to again. I always give that line,
Godfather one. I don't like my intelligence being insulted. It
makes me very angry. Anyway, anyway, I gotta give again.
I guess an equal opportunity basher here on the program.
(21:31):
I'm gonta give the president a lot of credit here
on this one. This is again, this is compassion. This
is compassion. The funny thing is watching all the leftists,
you know, bump into each other, yell and scream and
go nuts. Because the President wants to wants to actually
help homeless people, wants to get them off the streets.
(21:55):
Signed an executive order that basically push the cities and
city governments to remove homeless people from the streets. They
want them transferred to rehab and treatment centers. How about that,
We're going to actually try to solve an issue again.
(22:17):
How many times I know this has happened to me.
You know it's probably happened to you as well. You know,
you see someone homeless person on the street and you
know that they're not well, there's something wrong. You want
to give them money, you want to do whatever it
may be. They get angry or they lash out or
whatever it may be. This get get have compassion. These
(22:39):
people are not well, they don't belong.
Speaker 3 (22:41):
There, They don't belong there.
Speaker 4 (22:45):
Yes, do we need to reopen institutions to help people.
Speaker 3 (22:49):
Yes? Do we have to take these drug addicts off
the streets? Yeah? It drives me nuts. They show these.
Speaker 4 (22:55):
Videos of these areas in the country, whether it be
in places in Philadelphia, Oakland, Los Angeles, with all of
these people that are strung out on drugs, and I
can't watch them for that long. You want to help them,
but we're not. You're not helping them by allowing them
(23:16):
to stay on the streets. It's the same idea that
I talk about when it comes to how we handle
welfare here in this country. Welfare should be basically judge.
Welfare programs should be judged based upon how many people
you get.
Speaker 3 (23:35):
Off the welfare program.
Speaker 4 (23:39):
It's supposed to be a lifeline, not a lifestyle, and
that's what we've turned these programs into and it shouldn't
be that way. Whether it be Section eight housing, whether
it be the SNAP program. This is a good move
by Trump, and yes, we need to reopen these institutions,
and yes we need to get these people off the streets.
(24:02):
That's just because it's gonna be much better for our communities.
It's gonna be better for them, it's gonna be better
on our emergency services and the people in the ambulances,
the first responders that have to deal with all of
this all the time. Anyway, anyway, moving on, well, having
on here, I gotta talk about We're gonna talk about
(24:25):
the FED, talk a little bit about the GDP. You know,
we'll do We'll do the GDP numbers. At first. A
lot of people out there, Oh my god, look at
that GDP?
Speaker 1 (24:35):
Is that three?
Speaker 4 (24:37):
Now if you average out GDP from the first quarter
and the second quarter, you're gonna have what was it about?
One two, one four somewhere around there. Okay, why is
it at three percent? Because the economy is doing so well?
Speaker 3 (24:53):
Yeah? Okay, okay, can you you know how to read
a GDP report?
Speaker 4 (24:58):
Can you look at the internals of a GDP report.
The reason why the reason why the GDP numbers were
so strong was because the amount of imports that came
into this country tanked. Yeah again, that tanking imports shows
(25:21):
up as a positive on the GDP report. Now there
was some really good stuff in the GDP report regards
to government spending, which was kept down to a great degree,
which is fantastic.
Speaker 3 (25:36):
Great.
Speaker 4 (25:36):
Three Personal consumption was Okay, you know what was bad,
which is a kind of a sign of what's really
going on.
Speaker 3 (25:44):
Business investment. Business investment was way down.
Speaker 4 (25:52):
So everybody that's out there that saw this GDP report
and the spike in the football and doing a George W.
Bush Mission impossible, mission accomplished routine, Okay, you're making a mistake.
You're making a mistake. You have to learn how to
read these numbers and how they are calculating. And again
(26:13):
you fed a reserve, fed a reserve argument, going back
and forth.
Speaker 3 (26:17):
Oh my god.
Speaker 4 (26:19):
They you know, some of these Republicans, Some of these
Republicans And again I don't know if they're trying to
get in the good graces of Donald Trump by being
as nasty as possible.
Speaker 3 (26:31):
Uh.
Speaker 4 (26:31):
With with Jay Powell, well, why why is it to
make you feel cool to go online and go on
Twitter and call.
Speaker 3 (26:39):
Names, make you a tough guy? So stupid? It really is?
Jay Powell.
Speaker 4 (26:47):
I don't know whether he's right or wrong, but I
see his point. Let me tell you the most ridiculous
thing about this. Okay, and again it's just Trump being Trump.
He's just talking to talk, okay, lowering, lowering interest rates
by three hundred basis points, and you actually have these
(27:09):
influencers online touting that. Really, and again, these are people
that really don't have the They don't have not a
high process or speed by any stretch of the imagination.
Let me explain this to everybody again. The FED lowered
rates in twenty twenty four. Yeah, because they one to
keep bidening whatever. Maybe, but they did lower the rates
(27:32):
by one hundred basis points.
Speaker 3 (27:34):
Here's the question. Here's the question to all of you.
Speaker 4 (27:38):
People that are completely incapable of critical thinking. What happened
to interest rates? What happened to mortgage rates? After the
FED lowered rates by one hundred basis points in twenty
twenty four, they went up.
Speaker 3 (27:56):
The bond market tells all you cannot defy it and
went long.
Speaker 4 (28:03):
In this segment, I Gotta take a break Watchdog on
Wallstreet dot com, Watchdog on Wallstreet dot Com again become
a part of the Watchdog on Wall Street family. Take
advantage of all the great stuff we have, our personal
CFO program, our podcast, our newsletter, Watchdog on Wallstreet dot com,
or give us a call eight hundred four seven four.
Speaker 1 (28:34):
This is the Watchdog on Wall Street. Welcome back, fuire
j pel me on.
Speaker 4 (28:47):
You lower lower interest rates and all of a sudden, yeah,
our interest payments are gonna go down? Really really again,
what happened? What happened to our long bonds are borrowing costs?
When the Fed lowered rates by one hundred basis points
this past fall, they went up.
Speaker 3 (29:09):
They went up. Why are our interest rates as high
as they are? Already need to be lower.
Speaker 4 (29:16):
We're thirty seven trillion dollars in debt. That's why we
just raised our debt ceiling by another five trillion dollars.
Speaker 3 (29:28):
That's why.
Speaker 4 (29:31):
Now as far as the Federal Reserve is concerned in
fire Jay Cowell, we haven't had in my opinion, okay,
we haven't had in my back, we haven't had a
true independent Fed chair since Vulgar this Paul Wolker. Paul
Walker did some of the most uni mean. He jacked
(29:52):
up interest rates to deal with inflation. He didn't care
about the blowback cause the recession didn't give a damn.
Speaker 3 (30:00):
He did what was right. We haven't had that fire
JP you know what, Fire them all, Okay, fire them all.
What do we need them for? I'm as disgusted as everyone.
Speaker 4 (30:16):
Is about the renovation costs of.
Speaker 3 (30:19):
The Federal Reserve. We don't need it for crying out
you What are you people.
Speaker 4 (30:26):
Going to realize that the one guy, one politician that
has been right about everything, guy by the name of
Ron Paul, been trying to get rid of the Federal
Reserve for some time.
Speaker 3 (30:37):
Don't need it.
Speaker 4 (30:38):
Let interest rates fall where they may, Let the free
market decide.
Speaker 3 (30:44):
You're not to mention.
Speaker 4 (30:45):
You're finally starting to get some people saying, well, wait
a second, why are we Why are we paying banks
billions upon billions upon billions of dollars in interest payments
on these deposits.
Speaker 3 (30:55):
Why are doing it?
Speaker 4 (30:56):
It's a risk free, risk free return for all of
these banks.
Speaker 3 (31:01):
Not to mention, forty of that money is going to
foreign banks.
Speaker 4 (31:05):
I don't know, I don't know. You get any answer
for that. I haven't got an answer for that. You
don't need to fed get rid of the entire thing.
Speaker 3 (31:19):
Anyway. Gotta take you. Watchdog on Wallstreet dot com.
Speaker 4 (31:23):
Watchdog on Wallstreet dot Com is our site, guys, I
got a surprise coming up third hour of the program.
Make sure you're not going anywhere, but if you do,
get to the website Personal CFO program podcast newsletter.
Speaker 3 (31:35):
Don't go anywhere. We'll be back.
Speaker 1 (31:40):
Chris Markowski is the Watchdog on Wall Street, the only
(32:02):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 4 (32:11):
Buckback, Bargmack. It is the Watchdog on Wall Street show.
Joltz report came out this past week job openings here
in the country said seven million, four hundred and thirty.
Speaker 3 (32:28):
Seven thousand job openings.
Speaker 4 (32:30):
And you know back you know during COVID period of
time it was well over twelve thousand, but that number
in itself was ridiculous too. I hope, I hope, I
hope many of these companies are actually taking their job
postings down that are not technically job hostings, because that's
what you get a lot of out there. They just
electronically collect resumes. Do I think that there's that many
(32:53):
job openings in the United States? No, I do not
have to talk a little bit about this. We've covered
it extensively on the podcast. I'm talking to a lot
of recent college grads and reaching out to them about well,
the lay of the land, the situation is what the
situation is right now, and more and more stories coming
(33:15):
out there. AI wrecking an already fragile job market for
college graduates.
Speaker 3 (33:23):
It's happening, it really is.
Speaker 4 (33:25):
And again I've been talking about this for the past
couple of years and trying to warn people.
Speaker 3 (33:29):
I'm hearing numbers.
Speaker 4 (33:30):
Now that you know, Wall Street's going to probably be
down about three hundred thousand, three hundred thousand job reductions
over the next two years. That's that's what AI is
going to do. Again, you're seeing it right now, is
that a lot of entry level grunt work jobs that
(33:53):
recent college grads would normally be doing, those jobs are
being replaced by AI. And you know, young people out there. Okay,
I can't stress this enough, and I did talk about
it this past week. You got to get yourself on
a bit of a war time footing, a bit of
(34:15):
a war time footing.
Speaker 3 (34:16):
You can complain about it. I see a lot of that.
Speaker 4 (34:18):
I see a lot of people online complaining about they
have no future, they have no shot, all of these things. Well,
then you know what you've lost already you've lost already.
You've gone into the bay. You've already decided that you're
going to lose, and you're not gonna make it. No
way to go, No way to go. You've got to
work that much harder to differentiate yourself from somebody else.
Speaker 3 (34:38):
How do you differentiate yourself? I got an idea I had.
Speaker 4 (34:42):
Rather when you're sitting down somewhere at Starbucks having a
cup of coffee or wherever it may be, rather than
have the phone in your hand, have a book in
your hand, email me, text me, Okay, I'll tell you.
Speaker 3 (34:56):
I'll give you.
Speaker 4 (34:57):
I'll give you a bunch of great books to read.
Differentiate yourself from everyone else.
Speaker 3 (35:05):
Let me tell you.
Speaker 4 (35:06):
Jobs that are going to be around the ones, ones
you got to be in front of people, Ones where
you're gonna actually have to communicate with others. Those are
not going anywhere, and more often than not, well of
to not. I see this in a lot of young
people today.
Speaker 3 (35:23):
They have a.
Speaker 4 (35:23):
Real difficult time. They get distracted, really easy, oh constantly
grabbing for that phone for crying out loud. It is
one of the most amazing addictions I've ever seen in
my entire life. You know, my wife had relatives in Greece.
They would smoke three packs of cigarettes to day. It
(35:43):
always seem like they had a cigarette. But I see
young people nowadays, they can't stop looking at their phone
and taking pictures of themselves. Don't do that. Don't do that.
Put that away, differentiate yourself, Understand what you're talents are,
what they're going to be again except the reality of
(36:05):
the terrain. Yeah, I know you just finished college. Guess what. Okay,
you might have to re educate yourself and get to
pick up some skills to do something else.
Speaker 3 (36:15):
Hate to break it to you, it is what it is. Okay.
Speaker 4 (36:19):
You might not like what's going on, but you're not
gonna change it. You're not gonna wish it away and
complain it about it. It's not gonna make it any better again.
One of the things, like I said, I'm gonna be
doing on a regular basis on our podcast is we're
gonna be addressing this anyway.
Speaker 3 (36:38):
This was hilarious. I gotta here.
Speaker 4 (36:41):
Honestly, I don't even I don't understand how dumb some
of these people are. I don't know if you saw
this Democrats. Democrats actually posted a chart of price hikes
price hikes again. We talk about them all the time
here on the program, and they put out this chart,
(37:02):
put out this chart with these price hikes, basically looking
to try to stick it to Donald Trump.
Speaker 3 (37:08):
They've the Post attempted to.
Speaker 4 (37:09):
Describe the rising grocery prices under Trump's America. But if
you took a look at the actual chart, you watch
the prices spike for groceries during the time that Biden
was in office. Yeah, have they gone up a little
bit under Trump, Yeah, but nowhere near the rates that
they handed a Biden.
Speaker 3 (37:30):
The Democrats put that out and what's what's with this too? Again?
Speaker 4 (37:37):
I'm kind of happy, you know again, I want some good,
good signs for this country.
Speaker 3 (37:42):
Man, oh man. The eighties are coming back, baby, Yes
they are.
Speaker 4 (37:48):
Sydney Sweeney again made a lot of news this past week.
Sidney Sweeney's ad for American Eagle. Now, the last time
I owned something from American Eagle was my bomber jacket
from the nineteen eighties. It was kind of like a
you know, without the patches, but kind of like Tom
Cruise's jacket from a top gun. Yeah, I'm gonna I
(38:11):
think I'm gonna have to go in I am so
happy with their change and their outlook and what they're
gonna do. Yeah, I love this. This is fantastic. This
is what works.
Speaker 3 (38:23):
You know.
Speaker 4 (38:24):
The funny thing was it was also, uh what dunkin
Donuts put out an ad like a day or two
later with some guy that the girls you know, swoon
over at this point in time.
Speaker 3 (38:34):
It's an ad. But but to watch.
Speaker 4 (38:38):
Again, it just shows you just and you have to
feel sorry for these people. Honestly, I.
Speaker 3 (38:46):
Old wealthy white women. I think I gotta throw this
out there.
Speaker 4 (38:52):
They've gotta be some of the most deranged people I've
ever seen in my entire life. You're getting angry over
a Jean's because I mean, there was a play on words,
she's got good jeans. That's a Nazi ad. Do you
understand how stupid you sound?
Speaker 3 (39:12):
Anyway, Gotta take a break. Watch talg at Wallstreet dot com.
Speaker 4 (39:15):
Big surprise, Big surprise coming up, third hour.
Speaker 3 (39:18):
Of the program. Don't go Anywhere Watchdog on Wallstreet dot Com.
We'll be back.
Speaker 2 (39:27):
You're listening to the Watchdog on Wall Street
Well known author, investment banker, consumer advocate, candalyst, trainer.
Speaker 2 (00:12):
Chris Markowski is the watchdog the Wall Street.
Speaker 1 (00:16):
You want to answer exposing the lines and myths that
the big brokerage firms, the mainstream press, and the government
are pushing to keep Americans away from financial freedom.
Speaker 3 (00:27):
You can't handle the true truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world.
Speaker 3 (00:34):
Ladies and gentlemen.
Speaker 4 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 2 (00:39):
This is the watchdog in Wall streets.
Speaker 3 (00:44):
All right, the big news, Big news.
Speaker 4 (00:49):
I had another epiphany this week, and I said, for
a long time, listeners know, oh, I've an epiphany. I
basically I've put things together.
Speaker 3 (01:04):
Again.
Speaker 4 (01:05):
The way that the way that the media works today,
the way that politicians work, and the way that they,
you know, throw information at you and gaslight you and
all this nonsense.
Speaker 3 (01:14):
So it takes it takes some time. Takes some time.
Speaker 4 (01:17):
And the best way to have epiphanies and actually being
able to see the forest for the trees is again,
you can't you can't be obligated aligned be on a team.
I'm a Republican, I'm a Democrat, you can't do that.
Speaker 3 (01:36):
You have to be a critical thinker. It's funny.
Speaker 4 (01:40):
I have this conversation with the our young staff are
interns this past week, and I was talking with them
about college classes and what they were taking and some
of the professors that they had, and how you know
some of them just didn't want any sort of debate
within the classroom. And one of the kids said, yeah,
it's like, you know, they don't want us to be
critical thinkers.
Speaker 3 (02:00):
And I said, you're right right.
Speaker 4 (02:03):
People in power do not want their subjects, their constituents,
they're subject whatever you want to call it, the peasants.
We the people, the peasants here, the serfs on the
lord man. They don't want us to think critically. See
George Carlin had a big skit about that back in
the day, talking about education here in the United States.
(02:25):
Well back to my epiphany. This story, this story'm about
to tell you, Ok, you probably haven't heard it. You
probably haven't heard it because nobody is talking about it,
and because nobody is talking about it, especially a story
that's this big and this consequential is telling me that
(02:48):
both the donkeys and the elephants are on board. The
fix is in Now again, this is something. This is
something again that I would think Elizabeth Warren would propose,
a Barack Obama would propose. But this is coming from
the Trump administration. Now bear with me. Trump administration is
(03:13):
considering a plan.
Speaker 3 (03:15):
They want to raise again tens of billions.
Speaker 4 (03:18):
Of dollars more revenue with a new fee.
Speaker 3 (03:24):
No, this is not tariffs. This is on inventions.
Speaker 4 (03:29):
Yeah, they want to transform the patent system. Commerce Department
officials are discussing charging patent holders people that go out
there and build and create. Again, what is our mantra
here at the Watchdog on Wall Street show.
Speaker 3 (03:52):
Build, Create, protect, and teach.
Speaker 4 (03:57):
They want to start charging patent holds one to five
percent of the overall patent value. Okay, My first question
when I saw that is how do they determine the
patent value?
Speaker 3 (04:17):
And I am assuming.
Speaker 4 (04:19):
That they are going to charge a yearly fee for
the value of the patent. So if you come up
with a patent an idea, and that patent starts making
all sorts of money, you come up with some new
chip or tech or whatever it may be, you're gonna
have to pony up more. This idea is being considered
(04:39):
by Commerce Secretary Howard Lutnik, as part of his plans
to raise revenue and narrow the government's budget deficit. Again,
correct me if I'm wrong, kids, We've had a pretty
good run in this country, right as far as building
and creating things. Invent talked about this earlier on in
(05:01):
the program. They take a look at the size of
our stock market compared to anything else the companies that
we come up with here that that's because one of
the reasons, because of our patent system and property rights.
We've been doing this for two We've had this patent
system in place for two one hundred and thirty five years.
(05:22):
You apply for a patent, airs a bedrock process, and
your ideas are protected and you can make money off
them because these patents are public patents. Let others in
the same field build on previous work. Now, again, what
(05:43):
was the cost to get a patent? Couple thousand bucks?
Couple thousand bucks. This new fee would be exorbitant. In essence,
you're looking at a new property tax. Your idea, Your
(06:04):
idea is a piece of property. They like, they love
taxing property here in the United States. They love taxing
capital gains. Now they're going to tax your idea, your invention,
your creation. And I saw this and again my jaw dropped,
my joy and again not being covered anywhere, and if
(06:25):
you don't believe me, look it up and it all
kind of fell into place was my epiphany. I do
believe at this point in time. I think something spooked,
something spooked Donald Trump, something spooked Scott Vesson.
Speaker 3 (06:50):
Something.
Speaker 4 (06:50):
I think that I do believe this at this point
in time, because not enough pull tariffs into this as well.
I think that something spooked them when it came to
our national debt and they're saying that this is completely unsustainable. Yeah,
this is something we've been saying for some time. You've
(07:11):
had you know, you've had members of the Joint Chiefs
of Staff talk about our nation's biggest national security concern,
greatest national security concern is our nation's.
Speaker 3 (07:23):
Debt, our fiscal situation.
Speaker 4 (07:24):
We're spending over trillion dollars a year on interest.
Speaker 3 (07:29):
And for whatever it may be.
Speaker 4 (07:31):
I think they recognize that we can't do this anymore.
It's completely unsustainable. And they tried doge, they tried DOSEE,
they put elon must to work, and where did.
Speaker 3 (07:47):
That get us?
Speaker 1 (07:50):
Well?
Speaker 4 (07:50):
They I think Trump and this the administration came up
with the reality that you're not going to get Congress.
Speaker 3 (07:56):
Really to cut anything.
Speaker 4 (07:59):
Very very different, go for them to cut a darn
thing for crying out loud. This past week you had
Republicans bending over backwards trying to refund.
Speaker 3 (08:09):
NGOs that they like.
Speaker 4 (08:11):
The NGOs that the Republicans like are all the Neocon NGOs,
the ones that are out there trying to overthrow governments
all around the globe. What do we overthrow about seventy
since World War Two? They gotta keep that that they
were high five in h other what was a week
or two ago because they got nine billion dollars in
(08:31):
cuts through.
Speaker 3 (08:32):
Nine billion dollars barely get that.
Speaker 4 (08:34):
Jd Vance had to break the tie to get allows
the nine billion dollars in cuts, which is the equivalent
of about what eight to ten hours of government spending.
I think that that my epiphany is they're gonna try
to raise as much money as possible.
Speaker 3 (08:54):
Yeah, they're gonna gaslight you, okay, because they are. They are.
They're they're telling you that 't all it's terror. Let
all is terror. To keep coming out there and touting
look at this, look at this terriff revenue. Oh my god,
Lutnick was on last week.
Speaker 4 (09:10):
Oh wow, it could be seven trillion dollars over ten years.
Speaker 3 (09:15):
And all the man yeah, yeah, look at that. Yeah,
I voted for this.
Speaker 4 (09:19):
You voted for taxing yourself. You voted for raising your
own taxes, because that's what you just did. That's what
you did. I mean, if you want to believe, it's
gonna make you feel better about yourself. If you want
to believe that two plus two equals fourteen, go ahead, guy,
(09:39):
you can believe it. But these tariffs that are being
paid are being paid by you. I again, if they
got that frightened and they have to raise this type
of revenue, now, all right, all right.
Speaker 3 (09:58):
I get it.
Speaker 4 (09:59):
First and foremost, do this to the patent system. Okay,
I got that. That's a really bad idea. You want
to attract you want to attract businesses here in the
United States.
Speaker 3 (10:09):
That is a horrible idea.
Speaker 4 (10:11):
And then it's gonna happen as people are gonna start
they're gonna start recording their patents in other places around
the globe.
Speaker 3 (10:17):
They're not going to do it here in the United States.
Speaker 4 (10:19):
Listen, I've talked about, talked about our fiscal situation here
in this country for a long long time. And again
I've equated it, equated it. It's like child abuse, for
crying out loud what we're doing to our kids. And
I've actually talked about raising taxes and I've I said,
I said, I have no problem. I'm no problem government.
(10:40):
Government wants to come to me and say, listen, we
screwed up. We screwed up. We got involved in forever wars,
We did all of this stuff. We spent all this
money that we shouldn't have. Okay, we need we need
more revenue. We do we we're on an unsustainable path
right now. We have to fix it. Okay, but you
know what, they have to do something for me. They
(11:01):
have to do something for you. They have to balance
a budget. They have to balance the budget, they have
to make cuts. You want to raise my taxes, say, okay,
guess what you're gonna raise my taxes. I want all
of the tax revenue that you are going to raise,
all of that money to pay down our debt.
Speaker 3 (11:23):
That's it.
Speaker 4 (11:24):
Can't go for new spending, can't go for a new
weapons system, can't be used to start another war somewhere,
can't be used to send more moneies to Israel and
more money to the Ukraine, and all this other nonsense
that has gotten us into this problem in.
Speaker 3 (11:38):
The first place.
Speaker 4 (11:40):
We need to be fiscally sound. You want the world
to be a safer place for crime. You're the best
foreign policy out there is if America is fiscally sound,
and we're not right now. So I'm looking at this
as you know, this is it's my epiphany. I think
(12:01):
that they're they're honestly again, they're gonna have the gas lighters.
They've got to try to convince people that they're not
being taxed. They're trying to raise money because the situation
is dire. It's dire, and the people that you know,
members of the Commody, they don't want to make the cuts.
Speaker 3 (12:17):
They don't want to do it. I mean, you saw it.
Speaker 4 (12:22):
Hey could barely get a work for cryment in for medicare.
Speaker 3 (12:25):
For crying out loud.
Speaker 4 (12:26):
Republicans were pushing back on that, barely get that through.
So I maybe they threw their hands up in the air.
Maybe they threw their hands up in the air and
they said, this is what we're gonna have to do.
We're gonna have to raise taxes without telling people we're
raising taxes and that's exactly what a tariff is. We're
gonna have to raise fees. Okay, here we go. We're
(12:47):
gonna go after the patent system. Please don't do that.
That's stupid. That's my epivot. That's that's the only thing
I can think of at this point in time. And
you know, maybe that's how they have to sell it.
They have to gaslight people. I just don't be I
don't like being lied to. I have an aversion just
(13:08):
to being lied to. It insults my intelligence. But again,
maybe it's better politics. Maybe they know better. You got
You still have a large swath of the country believe
and they yet that they're not paying they're gonna be
paying higher prices. Tariffs are tariff's are not gonna raise prices.
You have large swaths of the country that believe that
while companies are actually coming out and saying.
Speaker 3 (13:31):
We're raising our prices, we're raising our prices.
Speaker 4 (13:33):
It's like, you know, they're talking, and these companies are
saying they're raising their prices, and everybody's like, la la
la la la la la. Companies are talking, but I'm
not listening. Because Trump said something else, La la, la,
la la. It doesn't make any sense. Stanley Black Anddegg, Are,
con Agra, Walmart, Target, I.
Speaker 3 (13:52):
Go right on down the list. Prices are going.
Speaker 4 (13:55):
Up and they're due to tariffs. So that's again, that's
the epiphany I had this past week. I think that
they're just they're in revenue raising mode at this point
in time, and I think they're really trying to do
in our national debt.
Speaker 3 (14:11):
Got to take a break. You're listening to the.
Speaker 4 (14:12):
Watchdog on Wall Street or Watchdog on Wallstreet dot com.
Watchdog on Wallstreet dot com is our site, personal CFO program, podcast, newsletter.
You name it Watchdog on Wallstreet dot com or give
us a call eight hundred and four seven.
Speaker 1 (14:25):
To one fifty nine eighty four, bringing America financial freedom,
(14:48):
one listener at a time. You're listening to the Watchdog
on Wall Street with Chris Markowski.
Speaker 4 (14:55):
Welcome back and ready, welcome back. I know it's without fail,
without fail. I'll definitely get some emails some people out there, What.
Speaker 3 (15:07):
Do you mean there's no place to speak of out there?
Come on, man, don't lie to yourself. Please.
Speaker 4 (15:16):
It drives me nuts when people just again they lie
to themselves. You see it out there. And one of
the funniest things going right now. This is happening in
Congress right now. They want to give away cash. They
want to give away cash. Josh Holly, Josh Holly, and
(15:37):
again I don't even know how and how he's a
member of the Republican Party for crying out loud. He
is more aligned with Bernie Sanders than he is any
sort of conservative principles most certainly not libertarian principles.
Speaker 3 (15:52):
You want to know it. Josh Holly from.
Speaker 4 (15:54):
Missouri and Bernie Sanders from Vermont proposed this week. I'm
not making this up. They want to send out checks again.
Speaker 3 (16:04):
That's right, terriff rebate, say more checks.
Speaker 4 (16:12):
Josh Holly has introduced legislation to provide six hundred dollars
tariff rebates to almost all Americans and to their dependent children,
a proposal that would give a family of.
Speaker 3 (16:25):
Four twenty four hundred dollars. Holy said in a statement that.
Speaker 4 (16:30):
Americans deserve a tax rebate after four years of Biden
policies that have devastated families, savings, and livelihoods. That's the
direction you're going to go, really, like President Trump propose,
my legislation will allow hard working Americans to benefit from
the wealth that Trump's tariffs are returning to this country.
Speaker 3 (16:52):
Wealth.
Speaker 4 (16:54):
You're taking the money out of Americans' pockets.
Speaker 3 (16:58):
You're a liar.
Speaker 4 (17:01):
I can't stand it. You stand up there and you lie.
All of this is being paid. It's not being paid
by anybody offshore. It's already been proven that it's been
being paid by the importers.
Speaker 3 (17:17):
It's being paid here. It's being paid in higher prices
the legislator, I say better.
Speaker 4 (17:24):
Yet the legislation is going to be modeled after Biden's
He's just criticized Biden. Just criticized Biden, and yet he
wants to do what bind did. He's modeling this after
Biden's twenty twenty Cares Act, which provided twelve hundred dollars
direct payments to adults and five hundred dollar direct payments
and children. Again, get your arms around this. You're sending
(17:54):
out you're giving away cash again. The United States of
America turns into a nineteen eighties firm radio.
Speaker 3 (18:00):
Station where cann a way cash. Hey that this again.
Speaker 4 (18:04):
This started with Bush ear It was Bush's first term.
He had a Bush check and then we had the
second Bush check when he was on his way out
the door during the financial crisis. Oh, he had Trump's
checks during COVID. Then we had Biden's checks. Now let
me let me ask this question. Okay, you know you're
(18:25):
giving away tariff rebates to help people because of tariffs.
I thought, I thought the tariffs are not affecting Americans,
And of course payments are going to be reduced for
households that earn one hundred and fifty thousand dollars or more.
The payments against the payments are designed to offset higher
prices resulting from tariffs. Did you are you seeing what
(18:50):
they're doing here? This is again, this is not high
level logic and reason. They're telling you. They're telling you
that tariffs are not raising your prices, they're not gonna
go up. Yet they want to put forward a bill
to cut you a check so the effect of the
(19:11):
tariffs that are making prices up don't hit you. How
does that make any sense at all? I mean, it's
just the type of nonsense that makes my head want
to explode, and it should you too. We're giving away
money again, Listen, I said, come out level with me, level,
(19:37):
tell me you're gonna be using the money to be
paying down the national debt. But again you just you know,
you just raise the debt ceiling by five trillion dollars.
You're spending more money.
Speaker 3 (19:49):
Where are you at here?
Speaker 4 (19:50):
Okay, this is all over the bloody place for crying
out loud, it really is.
Speaker 3 (19:55):
It is absolutely nonsensical, guys.
Speaker 4 (20:01):
Sorry, I mean, I get frustrated with these things people
I do. I don't like being lied to. I don't
like you being lied to. I don't like how the
media puts this stuff out in drips and drabs and
tries to confuse and bewilder you pushing some nonsensical narrative.
Speaker 3 (20:17):
This is the reality. This is the world we're living in,
and you're.
Speaker 4 (20:19):
Gonna get it here on this program. Watchdog on Wallstreet
dot com. Watchdog on Wallstreet dot com is our site again,
personal CFO program, podcast, newsletter, all sorts of great stuff.
Speaker 3 (20:32):
Watchdog on Wallstreet dot com. We'll be back.
Speaker 1 (20:37):
You're listened to the Watchdog on Wall Street taking Wall
(20:59):
Streets liars, crooks and cheets out behind the woodshet. You're
listening to the Watchdog on Wall Street.
Speaker 3 (21:09):
Welcome back.
Speaker 4 (21:10):
Yeah, guys, said, I know, I get fired up again.
I I don't like being lied to, and I don't
like you being lied to again. I always give that line,
Godfather one. I don't like my intelligence being insulted. It
makes me very angry. Anyway, anyway, I gotta give again.
I guess an equal opportunity basher here on the program.
(21:31):
I'm gonta give the president a lot of credit here
on this one. This is again, this is compassion. This
is compassion. The funny thing is watching all the leftists,
you know, bump into each other, yell and scream and
go nuts. Because the President wants to wants to actually
help homeless people, wants to get them off the streets.
(21:55):
Signed an executive order that basically push the cities and
city governments to remove homeless people from the streets. They
want them transferred to rehab and treatment centers. How about that,
We're going to actually try to solve an issue again.
(22:17):
How many times I know this has happened to me.
You know it's probably happened to you as well. You know,
you see someone homeless person on the street and you
know that they're not well, there's something wrong. You want
to give them money, you want to do whatever it
may be. They get angry or they lash out or
whatever it may be. This get get have compassion. These
(22:39):
people are not well, they don't belong.
Speaker 3 (22:41):
There, They don't belong there.
Speaker 4 (22:45):
Yes, do we need to reopen institutions to help people.
Speaker 3 (22:49):
Yes? Do we have to take these drug addicts off
the streets? Yeah? It drives me nuts. They show these.
Speaker 4 (22:55):
Videos of these areas in the country, whether it be
in places in Philadelphia, Oakland, Los Angeles, with all of
these people that are strung out on drugs, and I
can't watch them for that long. You want to help them,
but we're not. You're not helping them by allowing them
(23:16):
to stay on the streets. It's the same idea that
I talk about when it comes to how we handle
welfare here in this country. Welfare should be basically judge.
Welfare programs should be judged based upon how many people
you get.
Speaker 3 (23:35):
Off the welfare program.
Speaker 4 (23:39):
It's supposed to be a lifeline, not a lifestyle, and
that's what we've turned these programs into and it shouldn't
be that way. Whether it be Section eight housing, whether
it be the SNAP program. This is a good move
by Trump, and yes, we need to reopen these institutions,
and yes we need to get these people off the streets.
(24:02):
That's just because it's gonna be much better for our communities.
It's gonna be better for them, it's gonna be better
on our emergency services and the people in the ambulances,
the first responders that have to deal with all of
this all the time. Anyway, anyway, moving on, well, having
on here, I gotta talk about We're gonna talk about
(24:25):
the FED, talk a little bit about the GDP. You know,
we'll do We'll do the GDP numbers. At first. A
lot of people out there, Oh my god, look at
that GDP?
Speaker 1 (24:35):
Is that three?
Speaker 4 (24:37):
Now if you average out GDP from the first quarter
and the second quarter, you're gonna have what was it about?
One two, one four somewhere around there. Okay, why is
it at three percent? Because the economy is doing so well?
Speaker 3 (24:53):
Yeah? Okay, okay, can you you know how to read
a GDP report?
Speaker 4 (24:58):
Can you look at the internals of a GDP report.
The reason why the reason why the GDP numbers were
so strong was because the amount of imports that came
into this country tanked. Yeah again, that tanking imports shows
(25:21):
up as a positive on the GDP report. Now there
was some really good stuff in the GDP report regards
to government spending, which was kept down to a great degree,
which is fantastic.
Speaker 3 (25:36):
Great.
Speaker 4 (25:36):
Three Personal consumption was Okay, you know what was bad,
which is a kind of a sign of what's really
going on.
Speaker 3 (25:44):
Business investment. Business investment was way down.
Speaker 4 (25:52):
So everybody that's out there that saw this GDP report
and the spike in the football and doing a George W.
Bush Mission impossible, mission accomplished routine, Okay, you're making a mistake.
You're making a mistake. You have to learn how to
read these numbers and how they are calculating. And again
(26:13):
you fed a reserve, fed a reserve argument, going back
and forth.
Speaker 3 (26:17):
Oh my god.
Speaker 4 (26:19):
They you know, some of these Republicans, Some of these
Republicans And again I don't know if they're trying to
get in the good graces of Donald Trump by being
as nasty as possible.
Speaker 3 (26:31):
Uh.
Speaker 4 (26:31):
With with Jay Powell, well, why why is it to
make you feel cool to go online and go on
Twitter and call.
Speaker 3 (26:39):
Names, make you a tough guy? So stupid? It really is?
Jay Powell.
Speaker 4 (26:47):
I don't know whether he's right or wrong, but I
see his point. Let me tell you the most ridiculous
thing about this. Okay, and again it's just Trump being Trump.
He's just talking to talk, okay, lowering, lowering interest rates
by three hundred basis points, and you actually have these
(27:09):
influencers online touting that. Really, and again, these are people
that really don't have the They don't have not a
high process or speed by any stretch of the imagination.
Let me explain this to everybody again. The FED lowered
rates in twenty twenty four. Yeah, because they one to
keep bidening whatever. Maybe, but they did lower the rates
(27:32):
by one hundred basis points.
Speaker 3 (27:34):
Here's the question. Here's the question to all of you.
Speaker 4 (27:38):
People that are completely incapable of critical thinking. What happened
to interest rates? What happened to mortgage rates? After the
FED lowered rates by one hundred basis points in twenty
twenty four, they went up.
Speaker 3 (27:56):
The bond market tells all you cannot defy it and
went long.
Speaker 4 (28:03):
In this segment, I Gotta take a break Watchdog on
Wallstreet dot com, Watchdog on Wallstreet dot Com again become
a part of the Watchdog on Wall Street family. Take
advantage of all the great stuff we have, our personal
CFO program, our podcast, our newsletter, Watchdog on Wallstreet dot com,
or give us a call eight hundred four seven four.
Speaker 1 (28:34):
This is the Watchdog on Wall Street. Welcome back, fuire
j pel me on.
Speaker 4 (28:47):
You lower lower interest rates and all of a sudden, yeah,
our interest payments are gonna go down? Really really again,
what happened? What happened to our long bonds are borrowing costs?
When the Fed lowered rates by one hundred basis points
this past fall, they went up.
Speaker 3 (29:09):
They went up. Why are our interest rates as high
as they are? Already need to be lower.
Speaker 4 (29:16):
We're thirty seven trillion dollars in debt. That's why we
just raised our debt ceiling by another five trillion dollars.
Speaker 3 (29:28):
That's why.
Speaker 4 (29:31):
Now as far as the Federal Reserve is concerned in
fire Jay Cowell, we haven't had in my opinion, okay,
we haven't had in my back, we haven't had a
true independent Fed chair since Vulgar this Paul Wolker. Paul
Walker did some of the most uni mean. He jacked
(29:52):
up interest rates to deal with inflation. He didn't care
about the blowback cause the recession didn't give a damn.
Speaker 3 (30:00):
He did what was right. We haven't had that fire
JP you know what, Fire them all, Okay, fire them all.
What do we need them for? I'm as disgusted as everyone.
Speaker 4 (30:16):
Is about the renovation costs of.
Speaker 3 (30:19):
The Federal Reserve. We don't need it for crying out
you What are you people.
Speaker 4 (30:26):
Going to realize that the one guy, one politician that
has been right about everything, guy by the name of
Ron Paul, been trying to get rid of the Federal
Reserve for some time.
Speaker 3 (30:37):
Don't need it.
Speaker 4 (30:38):
Let interest rates fall where they may, Let the free
market decide.
Speaker 3 (30:44):
You're not to mention.
Speaker 4 (30:45):
You're finally starting to get some people saying, well, wait
a second, why are we Why are we paying banks
billions upon billions upon billions of dollars in interest payments
on these deposits.
Speaker 3 (30:55):
Why are doing it?
Speaker 4 (30:56):
It's a risk free, risk free return for all of
these banks.
Speaker 3 (31:01):
Not to mention, forty of that money is going to
foreign banks.
Speaker 4 (31:05):
I don't know, I don't know. You get any answer
for that. I haven't got an answer for that. You
don't need to fed get rid of the entire thing.
Speaker 3 (31:19):
Anyway. Gotta take you. Watchdog on Wallstreet dot com.
Speaker 4 (31:23):
Watchdog on Wallstreet dot Com is our site, guys, I
got a surprise coming up third hour of the program.
Make sure you're not going anywhere, but if you do,
get to the website Personal CFO program podcast newsletter.
Speaker 3 (31:35):
Don't go anywhere. We'll be back.
Speaker 1 (31:40):
Chris Markowski is the Watchdog on Wall Street, the only
(32:02):
man who is taking on the Wall Street establishment. You're
listening to the Watchdog and Wall Street with Chris Markowski.
Speaker 4 (32:11):
Buckback, Bargmack. It is the Watchdog on Wall Street show.
Joltz report came out this past week job openings here
in the country said seven million, four hundred and thirty.
Speaker 3 (32:28):
Seven thousand job openings.
Speaker 4 (32:30):
And you know back you know during COVID period of
time it was well over twelve thousand, but that number
in itself was ridiculous too. I hope, I hope, I
hope many of these companies are actually taking their job
postings down that are not technically job hostings, because that's
what you get a lot of out there. They just
electronically collect resumes. Do I think that there's that many
(32:53):
job openings in the United States? No, I do not
have to talk a little bit about this. We've covered
it extensively on the podcast. I'm talking to a lot
of recent college grads and reaching out to them about well,
the lay of the land, the situation is what the
situation is right now, and more and more stories coming
(33:15):
out there. AI wrecking an already fragile job market for
college graduates.
Speaker 3 (33:23):
It's happening, it really is.
Speaker 4 (33:25):
And again I've been talking about this for the past
couple of years and trying to warn people.
Speaker 3 (33:29):
I'm hearing numbers.
Speaker 4 (33:30):
Now that you know, Wall Street's going to probably be
down about three hundred thousand, three hundred thousand job reductions
over the next two years. That's that's what AI is
going to do. Again, you're seeing it right now, is
that a lot of entry level grunt work jobs that
(33:53):
recent college grads would normally be doing, those jobs are
being replaced by AI. And you know, young people out there. Okay,
I can't stress this enough, and I did talk about
it this past week. You got to get yourself on
a bit of a war time footing, a bit of
(34:15):
a war time footing.
Speaker 3 (34:16):
You can complain about it. I see a lot of that.
Speaker 4 (34:18):
I see a lot of people online complaining about they
have no future, they have no shot, all of these things. Well,
then you know what you've lost already you've lost already.
You've gone into the bay. You've already decided that you're
going to lose, and you're not gonna make it. No
way to go, No way to go. You've got to
work that much harder to differentiate yourself from somebody else.
Speaker 3 (34:38):
How do you differentiate yourself? I got an idea I had.
Speaker 4 (34:42):
Rather when you're sitting down somewhere at Starbucks having a
cup of coffee or wherever it may be, rather than
have the phone in your hand, have a book in
your hand, email me, text me, Okay, I'll tell you.
Speaker 3 (34:56):
I'll give you.
Speaker 4 (34:57):
I'll give you a bunch of great books to read.
Differentiate yourself from everyone else.
Speaker 3 (35:05):
Let me tell you.
Speaker 4 (35:06):
Jobs that are going to be around the ones, ones
you got to be in front of people, Ones where
you're gonna actually have to communicate with others. Those are
not going anywhere, and more often than not, well of
to not. I see this in a lot of young
people today.
Speaker 3 (35:23):
They have a.
Speaker 4 (35:23):
Real difficult time. They get distracted, really easy, oh constantly
grabbing for that phone for crying out loud. It is
one of the most amazing addictions I've ever seen in
my entire life. You know, my wife had relatives in Greece.
They would smoke three packs of cigarettes to day. It
(35:43):
always seem like they had a cigarette. But I see
young people nowadays, they can't stop looking at their phone
and taking pictures of themselves. Don't do that. Don't do that.
Put that away, differentiate yourself, Understand what you're talents are,
what they're going to be again except the reality of
(36:05):
the terrain. Yeah, I know you just finished college. Guess what. Okay,
you might have to re educate yourself and get to
pick up some skills to do something else.
Speaker 3 (36:15):
Hate to break it to you, it is what it is. Okay.
Speaker 4 (36:19):
You might not like what's going on, but you're not
gonna change it. You're not gonna wish it away and
complain it about it. It's not gonna make it any better again.
One of the things, like I said, I'm gonna be
doing on a regular basis on our podcast is we're
gonna be addressing this anyway.
Speaker 3 (36:38):
This was hilarious. I gotta here.
Speaker 4 (36:41):
Honestly, I don't even I don't understand how dumb some
of these people are. I don't know if you saw
this Democrats. Democrats actually posted a chart of price hikes
price hikes again. We talk about them all the time
here on the program, and they put out this chart,
(37:02):
put out this chart with these price hikes, basically looking
to try to stick it to Donald Trump.
Speaker 3 (37:08):
They've the Post attempted to.
Speaker 4 (37:09):
Describe the rising grocery prices under Trump's America. But if
you took a look at the actual chart, you watch
the prices spike for groceries during the time that Biden
was in office. Yeah, have they gone up a little
bit under Trump, Yeah, but nowhere near the rates that
they handed a Biden.
Speaker 3 (37:30):
The Democrats put that out and what's what's with this too? Again?
Speaker 4 (37:37):
I'm kind of happy, you know again, I want some good,
good signs for this country.
Speaker 3 (37:42):
Man, oh man. The eighties are coming back, baby, Yes
they are.
Speaker 4 (37:48):
Sydney Sweeney again made a lot of news this past week.
Sidney Sweeney's ad for American Eagle. Now, the last time
I owned something from American Eagle was my bomber jacket
from the nineteen eighties. It was kind of like a
you know, without the patches, but kind of like Tom
Cruise's jacket from a top gun. Yeah, I'm gonna I
(38:11):
think I'm gonna have to go in I am so
happy with their change and their outlook and what they're
gonna do. Yeah, I love this. This is fantastic. This
is what works.
Speaker 3 (38:23):
You know.
Speaker 4 (38:24):
The funny thing was it was also, uh what dunkin
Donuts put out an ad like a day or two
later with some guy that the girls you know, swoon
over at this point in time.
Speaker 3 (38:34):
It's an ad. But but to watch.
Speaker 4 (38:38):
Again, it just shows you just and you have to
feel sorry for these people. Honestly, I.
Speaker 3 (38:46):
Old wealthy white women. I think I gotta throw this
out there.
Speaker 4 (38:52):
They've gotta be some of the most deranged people I've
ever seen in my entire life. You're getting angry over
a Jean's because I mean, there was a play on words,
she's got good jeans. That's a Nazi ad. Do you
understand how stupid you sound?
Speaker 3 (39:12):
Anyway, Gotta take a break. Watch talg at Wallstreet dot com.
Speaker 4 (39:15):
Big surprise, Big surprise coming up, third hour.
Speaker 3 (39:18):
Of the program. Don't go Anywhere Watchdog on Wallstreet dot Com.
We'll be back.
Speaker 2 (39:27):
You're listening to the Watchdog on Wall Street
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
NFL Daily with Gregg Rosenthal
Gregg Rosenthal and a rotating crew of elite NFL Media co-hosts, including Patrick Claybon, Colleen Wolfe, Steve Wyche, Nick Shook and Jourdan Rodrigue of The Athletic get you caught up daily on all the NFL news and analysis you need to be smarter and funnier than your friends.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.